Please, we should not totally eliminate fiat currency

[Snaic]

From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I think that the existence of fiat worry not worth it. He will never disappear. In any case, as long as states exist, their cash money will exist. They can only get a better form, but the essence will remain the same. In order for the ordinary national money of states to disappear, an official decision of these states is needed. And they will never give up the use of their national money in favor of decentralized cryptocurrency. Cryptocurrency, in contrast to the national money, has nothing to do with the economy of any state.

[pant-79]

I think that reasonable people don't want to eradicate fiat right now. After all, now there are absolutely no conditions for all the inhabitants of our planet to have the opportunity to use cryptocurrency. Moreover, almost half of the world's population, or 3.4 billion people, live on less than $ 5.50 a day (according to data from this source, https://economics.unian.net/other/10301172-pochti-polovina- naseleniya-mira-zhivet-na-5-5-v-den-vsemirnyy-bank.html). And until this situation is changed, there can be no talk of completely eradicating fiat.

[wahyu wida]

From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I think that the existence of fiat worry not worth it. He will never disappear. In any case, as long as states exist, their cash money will exist. They can only get a better form, but the essence will remain the same. In order for the ordinary national money of states to disappear, an official decision of these states is needed. And they will never give up the use of their national money in favor of decentralized cryptocurrency. Cryptocurrency, in contrast to the national money, has nothing to do with the economy of any state.

this is the same as the barter that some people still use until now, so I think later the appointment of crypto is not much different even replacing fiat may take a very long time

[tranquangvinh]

From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Cryptocurrency can not eliminate fiat currency and that will never happen, even fiat can eliminate cryptocurrency.

Cryptocurrency market is just a small market, its capitalization is very small compared to the stock market and forex market. If comparing cryptocurrency as a brick, fiat would probably be a house made up of many bricks.Do you understand that?

[sumangs]

I think it is really impossible to end fiat from our era since government of each country will require to have an agreement to be united and what if some countries will disagree about it especially in middle east where there are still possible wars involved. Maybe on year 2100 it would be possible to eliminate fiat and unite all countries ad one but for today it isn't.

[ausbit]

No, everyone of them has their own ways of being useful to the community. But I don’t see cryptocurrency as a currency, I see it more as an asset, and that’s what it is. There is no good reason as to why government should abandon our current monetary system and focus on cryptocurrency. I do love Bitcoin but it is not safe to be used as such, and is not a good option, I would choose fiat any time and any day.

I think that the existence of fiat worry not worth it. He will never disappear. In any case, as long as states exist, their cash money will exist. They can only get a better form, but the essence will remain the same. In order for the ordinary national money of states to disappear, an official decision of these states is needed. And they will never give up the use of their national money in favor of decentralized cryptocurrency. Cryptocurrency, in contrast to the national money, has nothing to do with the economy of any state.

Yes you’re saying the truth. I do some mad cryptocurrency enthusiasts saying that it would replace fiat one day, lol, that’s really funny. I don’t know why anyone would be thinking of such. Fiat rules at all times  and every state has its own currency. I do see some people say that but in a way to get people attracted to cryptocurrency, but that’s not working and it’s starting to look stupid when they do that.

[icecube45]

I agree with you, we don't need to remove the fiat currency to use crypto. I agree with you that there are many situations that make it difficult for us to use crypto so that fiat currencies are still very much needed. It's still very risky to use crypto in daily life, so it would be very difficult to be able to replace fiat currencies. Both will be good if used together without removing one, will definitely complement each other.

[jbarcenas18]

From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

It is impossible to remove fiat currency of each country because we all know that fiat symbolizes culture, history and tradition. Also fiat currency represents the leader of each country.

[Seeker#9]

Most of the fiats used by the countries are national currencies so it is impossible to eliminate them. National currency is a part of every country's symbolic identity as a nation and it created not only as a currency but to represent a country. The governments around the world are mandated to protect anything that is part of their national identity so cryptocurrency will never be able to replace fiats.

[wizardcrypto]

Yes l agree with you mate we can not totally eliminate Fiat currency from financial transactions despite the world is turning to a global village where digital currency will serve as means of transactions the usefulness of Fiat currency  can not be under rate. There are still people who don't speak or write or even know the internet of things, these set of people are the once we some time buy raw materials from in the manufacturing industries and other sectors as well ,because of their inability to computer or phones they will prepare transaction such as the physical Fiat currency they can see  and this might slow than the rate of production in businesses.
My suggestion:
these people should be more educated and teach on how to use the crypto currency as a fastest means of transactions in their  dealings. If this is address and achieve the crypto currency will result heavy mass adoption.

[jhongzjhong]

No single chance the bitcoin (cryptocurrency) could make fiat currency disappear. Imagine a day the electricity went to a crisis, computer's will malfunction, system was fatally damaged how would recover and use your crypto money? Not a chance because of fiat is a physical currency and it is the best way the human can use in all of the transactions. There would be a chance that cryptocurrency could make 60-80% of the fiat disappear but not totally.

[Epimetheus]

Yes l agree with you mate we can not totally eliminate Fiat currency from financial transactions despite the world is turning to a global village where digital currency will serve as means of transactions the usefulness of Fiat currency  can not be under rate. There are still people who don't speak or write or even know the internet of things, these set of people are the once we some time buy raw materials from in the manufacturing industries and other sectors as well ,because of their inability to computer or phones they will prepare transaction such as the physical Fiat currency they can see  and this might slow than the rate of production in businesses.
My suggestion:
these people should be more educated and teach on how to use the crypto currency as a fastest means of transactions in their  dealings. If this is address and achieve the crypto currency will result heavy mass adoption.

Yes definitely we should not totally eliminated the fiat  currency because huge amount of people in the world still use the Fiat currency for the day to day transactions.Many have not even heard about the cryptocurrencies and only depend upon is the fiat currency.Fiat has been established from the traditional time period and also the government supports it more than the cryptocurrencies.Cryptos cannot be operated everywhere as they require internet connection which is not available everywhere.

[BartS]

From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

You should not worry too much about it, fiat currencies are not going to disappear because cryptocurrencies are not ready to take their place and even if in the future they are ready you can be sure that governments will do everything they can to protect their own currency because if they fail to do that then it is very likely that they will lose control of the economy and of their citizens and that is not something that they want.

[andika2018]

From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

You should not worry too much about it, fiat currencies are not going to disappear because cryptocurrencies are not ready to take their place and even if in the future they are ready you can be sure that governments will do everything they can to protect their own currency because if they fail to do that then it is very likely that they will lose control of the economy and of their citizens and that is not something that they want.

I am agree. Cryptocurrency different than fiat money and i am believe fiat money still exist as long central banks needed by government. Most cryptocurrency are decentralized and i think its hard to replace fiat money that controlled by central banks. However, we need fiat money for our transaction in our real life

[Nnedaddy1]

The thing is this, those calling for the elimination of Fiat currency should understand that both Fiat and cryptocurrency have their unique distinctive functions and so elimination of Fiat is not possible since cryptocurrency cannot effectively carry out those functions of Fiat.

[Dimas99]

From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I strongly agree that you submit because in my country crypto currencies have not been approved by the government and crypto currencies are prohibited for direct transactions with crypto currencies

[yusupjatigumilar]

From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I have an opinion on the problem, where it is not entirely fiat currency that has been eliminated because not all regions have adequate facilities, the presence of crypto currencies should not destroy the fiat currency that was first used by the community, the presence of crypto currencies must actually can facilitate transactions that cannot be done by fiat currencies

[dx5]

Fiat will always be here. I'm speaking of the US, it's just hard to get hundreds of millions of people to accept that. Specially when it's all they've known.

[pedangrusak]

I think it's only a statement to eliminate fiat from the face of the earth and replace it with crypto. it will not be easy to change the currency that has been used for a long time and this requires processes, approaches and also other things that need to be observed, because not all can use crypto at this time

[huhhuh18]

From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Ideally from what we've observed lately, cryptos will become assets if they will exist and not get banned. Should that happen, there'll be coexistence between crypto and Fiat and hence total fiat elimination may not occur. The bankers will unite against us at all cost.